HELOC Rates By Lender

HELOC Rates Home Equity Rates

Find the latest HELOC rates from different lenders. Compare traditional banks, credit unions, and online lenders to see the pros and cons of each.

Following are the average HELOC rates from 11 different lenders in September 2026.

Lender	Loan Amounts	Terms / Repayment Period	Intro APR	After APR / Rate	Min. Initial Draw / Payment
Achieve Loans	$15,000–$500,000	10-, 15-, 20- or 30-year repayment period		5.50%
Alliant Credit Union	$10,000+ ($25,001 in WI & D.C.)	10-year draw, 20-year repayment	3.99%	6.75%
Aven	$5,000–$400,000	5-, 10-, 15- or 30-year repayment	6.240% (6 mo)	6.240% / 5.99%	$5,000
Fifth Third Bank	$10,000–$500,000	10-year draw, 20-year repayment		6.50%
Figure	$15,000 to $750,000	10-, 15-, 20- or 30-year repayment period	6.650%	6.650%	$15,000
FourLeaf Federal Credit Union	$10,000–$1,000,000	10-year draw, 20-year repayment	5.990% (12 mo)	7.000% / 6.75%	$25,000
Owning	$25,000 to $750,000 (Alaska requires a minimum of $25,001)	10-year term	6.835%	6.835%	$25,000
Police and Fire Federal Credit Union	Up to $600,000	5-year draw, 15-year repayment	4.99%	6.00%
Rate	$20,000–$400,000	Up to 30 years		6.60%
Splash Financial	Up to $500,000	10-year draw, 10–20 year repayment	7.375% (7 mo)	7.375% / 6.50%	$25,000
Third Federal Savings and Loan	$10,000–$300,000	10-year draw, 30-year total repayment	6.240%	6.240% / 6.890%	$0 / $893 payment

Feature	Traditional Banks	Credit Unions	Online Lenders	Home-Equity Specialists
Typical Rate Range*	~6.5%–10.5%+	~6.0%–10.5%+	~5.5%–14%+	~5.5%–13.5%+
Introductory Rate	Common	Common	Common	Common
Variable Interest Rate	Usually	Usually	Usually	Usually
Physical Branches	✓ Often	✓ Often	Usually No	Usually No
Online Application	✓ Usually	✓ Usually	✓ Yes	✓ Yes
Application Speed	Moderate	Moderate	Often Fast	Often Fast
Customer Service	Branch + Phone	Personalized	Phone / Chat / Email	Phone / Chat / Email
Relationship Discounts	✓ Common	✓ Possible	Less Common	Less Common
Membership Required	Usually No	Sometimes	Usually No	Usually No
Closing Costs	May Apply	Often Competitive	Varies	Varies
Origination Fees	May Apply	Often Low	May Apply	May Apply
Annual Fees	Varies	Varies	Varies	Varies
Credit Requirements	Often Stricter	Potentially Flexible	Varies	Varies
Maximum CLTV	Typically 80%–90%	Often 80%–90%	Can Be Flexible	May Allow Higher CLTV
Large Credit Lines	✓ Often	✓ Often	✓ Some Lenders	✓ Some Lenders
Digital Experience	Good	Good–Very Good	Excellent	Excellent
Rate Shopping	Moderate	Moderate	✓ Easy	✓ Easy
Geographic Restrictions	Sometimes	Often	Sometimes	Sometimes
Key Benefits	Branch access Relationship discounts Established banking relationship Traditional customer service	Competitive rates Potentially lower fees Personalized service Member-focused lending	Fast application Digital process Easy rate shopping Convenient document submission	Specialized lending Flexible options Online application Potentially higher CLTV limits
Key Drawbacks	May not offer the lowest rate Potentially stricter underwriting Fees may apply	Membership may be required Fewer branches Technology varies	Less personal service Fees vary Rates can vary significantly	Fees vary Higher potential APRs Limited branch access
Best For	Existing bank customers and borrowers who value branch access	Borrowers seeking competitive rates and personalized service	Borrowers who prioritize speed and convenience	Borrowers seeking specialized or flexible home-equity options

*Rate ranges are illustrative market ranges and can change frequently. Actual rates and terms depend on credit score, home equity, CLTV/LTV, loan amount, property type, occupancy, location and lender requirements.

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HELOC Rates By Lender